According to the Zhitong Finance App, Wang Li Security (605268.SH) issued an announcement. The company expects net profit attributable to parent company owners to be -25 million yuan to -37 million yuan in 2022, a year-on-year shift from profit to loss. Net profit after deducting non-recurring profit and loss attributable to parent company owners is expected to be -45 million yuan to -58 million yuan in 2022.
The main reason for this period's net profit being negative: (1) Affected by the downturn and regulation in the real estate industry, some real estate companies experienced capital liquidity problems, and the company accrued bad debt reserves based on 2022 comprehensive repayments, bill defaults, etc. (2) Under the continuing pressure of the epidemic, product ordering, delivery, transportation and installation services have all been affected to a certain extent; in addition, due to risk management and control, the company is more careful in cooperating with some engineering customers and has adjusted and optimized the overall customer structure, so the company's performance has been affected. (3) Depreciation sharing expenses for company director Tian and the new plant and smart devices put into use in Sichuan increased, so the company's main business costs were still high this year. (4) The company has increased its advertising and product development efforts to enhance the brand's core competitiveness, and the proportion of sales expenses and R&D expenses has continued to increase.